Report - Deutsche Bank boss to work for free

Anshu Jain

Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.

Reuters reports that Jain did not want to financially burden the bank with his own, personal decision to quit, which followed a hailstorm of investor criticism, scandals, fines and investigations, reported the Frankfurter Allgemeine Sonntagszeitung.

Jain and his counterpart, co-CEO Juergen Fitschen, shocked staff and investors by announcing plans to leave early one week ago. 

To access the complete Reuters article hit the link below:

Departing Deutsche Bank co-CEO Jain to work for free: media

Major funds draw up plans to leave London if Britain quits EU - paper

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts